Amazon, the world’s largest online retailer, is testing a new model of online retail that is expected to significantly expand its reach in the next few years.
The company’s new commercial model — dubbed “Amazon Prime” — is aimed at driving growth in online retail.
While the company has not disclosed specific revenue projections, the new model could see revenue more than double from about $600 million this year to more than $2 billion next year.
Amazon is testing the commercial model in the U.S. Amazon’s new model is based on a three-tiered business model: Amazon Prime.
This is a “buy one get one free” arrangement.
Customers pay $99 for two months of Prime membership, but they also get access to a variety of services that include free shipping and free returns.
Amazon also offers “special” deals on products like books, movies, and music.
The company’s online store is stocked with more than 1,000 different products, including cosmetics, toys, and other popular products.
Amazon has long been known for its vast selection of products, but the company is testing something different.
“We are introducing Amazon Prime to the marketplace in a new way,” the company said in a statement.
“We will offer Amazon Prime for a limited time only on Amazon.com and we will be launching it in all of our stores in the coming months.”
The new Prime model is expected, however, to require a membership that has to be renewed each year.
Customers will need to log in to the service to start using it.
The first Prime customers will be eligible for a free trial of Prime at the start of the new year.
It is also possible that the new Prime plan could be available as a trial for customers who already have a subscription to Prime.
The new plan will also allow customers to purchase items directly through Amazon’s AmazonFresh program, Amazon’s most popular service.
In addition to selling Prime products, Amazon is also expected to expand its Amazon Music and Kindle Music services.
Both services will be available on the new Amazon Prime plan, which is expected next year to be available to all customers.
Amazon Music will be free, but customers will have to pay $5 a month for the ability to download the service’s free, ad-supported version.
This is not the first time Amazon has experimented with a new retail model.
The retailer has experimented in the past with a retail model that included a variety on-demand shopping options, including grocery stores, fitness clubs, and bookstores.
Amazon tried to create a retail experience that could appeal to all consumers, but with limited success.
Instead of focusing on building out the retail business to attract customers, Amazon focused on creating its own digital stores.
The strategy paid off: Amazon grew from an initial $6 billion to more like $50 billion this year.
But the new commercial retail model is not likely to help Amazon make up for lost business.
Follow Stories Like This Get the Monitor stories you care about delivered to your inbox.
Amazon has been struggling with declining sales for several years, especially in the second half of last year.
The retail sector is expected continue to shrink in the first half of 2018, according to market researcher Euromonitor International.